Clarence Sanders Biography, Age, Height, Wife, Net Worth, Family

Age, Biography and Wiki

Clarence Sanders was born on 9 August, 1881 in Virginia. Discover Clarence Sanders's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is He in this year and how He spends money? Also learn how He earned most of networth at the age of 72 years old?

We recommend you to check the complete list of Famous People born on 9 August. He is a member of famous with the age 72 years old group.

Clarence Sanders Height, Weight & Measurements

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Dating & Relationship status

He is currently single. He is not dating anyone. We don't have much information about He's past relationship and any previous engaged. According to our Database, He has no children.

Clarence Sanders Net Worth

His net worth has been growing significantly in 2022-2023. So, how much is Clarence Sanders worth at the age of 72 years old? Clarence Sanders’s income source is mostly from being a successful . He is from . We have estimated Clarence Sanders's net worth , money, salary, income, and assets.

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Timeline

He died in 1953, and was interred at Memphis Memorial Park Cemetery.

Saunders developed two versions of the Keedoozle. The first was in 1937, which was abandoned when the US entered World War II. Saunders returned to the idea in 1948, opening an improved version. Saunders sold twelve franchises of the revised concept. In 1949 he predicted "In five years there will be a thousand Keedoozles throughout the US, selling $5 billion worth of goods."

On 22 Nov. 1935, Saunders chartered the prototype of an automated store. He named it Keedoozle, which some assumed stood for "key does it all", but Saunders stated was just made up, as was Piggly Wiggly.

The Pink Palace mansion eventually became Memphis' first museum in 1930.

In 1928, Saunders went on to create the Clarence Saunders, Sole Owner of My Name Stores, Inc. grocery chain. The chain, which was known by the public as Sole Owner stores, initially flourished. However the chain went into bankruptcy in 1930 during the Great Depression.

Clarence and Carolyn divorced on 27 Sept. 1928, and Clarence married Patricia Houston Bamberg on 20 Dec. 1928.

In the early 1920s Saunders began construction of a pink marble mansion in Memphis. Then, in early 1923, a group of franchised outlets in New York failed. Merrill Lynch and other speculators on Wall Street attempted a bear raid on the price of Piggly Wiggly stock, gambling the price would fall. With a loan of $10 million from a number of Southern bankers, plus a bit of his own money, Saunders counteracted with a corner, buying a large amount of Piggly Wiggly stock in hopes of driving up the price. He flamboyantly declared his intent in newspaper ads. Saunders bought Piggly Wiggly stock until he had orders for 196,000 of the 200,000 outstanding shares. The firm's share price went from a low of $39 in late 1922 to $124 by March 20, 1923. Pressured by the 'bears', the New York Stock Exchange declared a 'corner' existed (see cornering the market), and gave the 'bears' five days rather than 24 hours to deliver the stock Saunders had bought. The additional time meant "a flood of stock poured [in] from distant points and gave the shorts opportunity to deliver."

Saunders then listed Piggly Wiggly shares on the New York Stock Exchange in Feb. 1922. In April 1922, the company sold 50,000 new shares on the market at $43 a share.

Saunders was one of the first to use newspaper advertising to campaign for a political candidate, at least in Tennessee. He campaigned for Austin Peay, an acquaintance from his hometown, Clarksville, Tennessee. Peay won in 1922 and gave credit to Saunders' advertising. When Governor Peay ran for a third term in 1926 (Tennessee governors held office for two year terms then) Saunders inexplicably opposed him, using newspaper ads to denounce his former friend. In 1928 Saunders backed Henry Horton for Governor against Hill McAlister. Memphis political leader E. H. Crump backed McAlister. The candidates were completely overshadowed by the newspaper advertising war waged by Saunders and Crump. Their feud was personal and striking, since few in Memphis had dared challenge Crump, one of the legendary city bosses in American politics. After 1928 Saunders' fortunes declined, and he did not write political ads again.

In 1921, there were 615 stores in 200 cities and 40 states. By 1923, Piggly Wiggly had grown into 1,267 stores, 667 owned by the company and the rest owned by franchisees. The company employed 250 people in Memphis. Stock in Piggly Wiggly Stores, Inc., paid a dividend of 11%.

In the late 1920s, to promote his newest grocery venture, Saunders founded a professional football team. The full name of the team was the Clarence Saunders Sole Owner of My Name Tigers, but it was usually just called The Tigers. The Tigers played professional teams from around the country, including the Chicago Bears and the Green Bay Packers. In 1929, the Tigers beat the Green Bay Packers 20–6. In 1930 the National Football League invited The Tigers to join their organization, but Saunders refused their offer. It is said that Saunders disbanded his football team because he did not like to travel to other cities for away games.

The store incorporated shopping baskets, self-service branded products, and checkouts at the front. Removing unnecessary clerks, creating elaborate aisle displays, and rearranging the store to force customers to view all of the merchandise in a continuous path, were just some of the characteristics of the early Piggly Wiggly stores. The store stocked four times the variety of items normally found in an ordinary grocery store, but did not offer fresh meat in the original store. A refrigerator separated two of the aisles, offering butter and cheese. Bins offered fruits and vegetables, while flour and other bulk good were pre-packaged and placed near the end of the shopper's journey through the aisles. The concept of the "Self-Serving Store" patent was filed by Saunders on 21 Oct. 1916, and granted on 9 Oct. 1917 as Patent #1,242,872. Three new patent applications followed, including Patent #1,357,521 for the basic store design. Patent #1,297,405 was filed on 5 Feb. 1918 and granted on 18 March 1919, which covered his means of tagging prices next to the grocery item. He was also granted a patent for his idea of giving shoppers a printed receipt from the adding machine tape.

On 11 Sept. 1916, Saunders launched the self-service revolution in the United States by opening the first self-service Piggly Wiggly store, at 79 Jefferson Street in Memphis, Tennessee. Saunders had renovated his United Store, removing old countertops, and replacing them with characteristic turnstiles at the entrance and exit, and cabinets arranged along a continuous path, which ended at a cashier stand complete with adding machine and cash register. The 1,125 sq ft store included a front lobby, the continuous-path middle salesroom, and rear stockroom.

Saunders married Carolyn Amy Walker on 6 October 1903. In 1904, they moved to Memphis, where Saunders worked for the wholesale grocers Shanks, Phillips & Co, then William Cole Early for a short period, before returning to Shanks, Phillips. In February 1913, he created United Stores, Inc., with 21 retail customers, giving Shanks, Phillips control of wholesale purchasing and advertising. A jointly owned United Store was opened in June 1914. Saunders' three children, Lee, Clarence Jr., and Amy Carolyn, were born in 1903, 1909 and 1912 respectively.

Born in Virginia, to Abram Warwick and Mary Gregory, Saunders mother died when he was five. In 1891, his father moved the family to Montgomery County, Tennessee, where his father worked as a laborer and sharecropper. Saunders had only two years of formal education, instead he became self-educated through reading. At age 11, he worked in the sawmill and limestone kiln during the summer and at Burl Owens' general store in Palmyra, Tennessee, during the holidays. At age 17, Saunders worked the Blossburg, Alabama, coke ovens and steel mill as a night watchman. At age 19, he started working in the wholesale grocery business for John Hurst and Joseph Boillin in Clarksville, Tennessee.

Clarence Saunders (9 August 1881 – 14 October 1953) was an American grocer who first developed the modern retail sales model of self service. His ideas have had a massive influence on the development of the modern supermarket. Saunders worked for most of his life trying to develop a truly automated store, developing Piggly Wiggly, Keedoozle, and Foodelectric store concepts.